ServiceNow Nearly Doubles Revenue in Q4 and 2012

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ServiceNow has posted its Q4 and 2012 results. For the quarter, the company took in revenues of just over $75 million, which was nearly double that of Q4 2011's figure. However, the firm still posted a loss at $9.9 million ($0.08 per diluted share). This was deeper than the year-ago quarter's loss of $6.8 million.

Full-year revenues also saw a sizable jump, by 90% on an annual basis, to $244 million. But, like the most recent quarter, bottom line was in the red, at $37 million ($0.51 per share). This was far worse than the $2 million the company lost in 2011.

Going forward, ServiceNow expects revenues of $81.5 million-$82.5 million for the current quarter, and an EPS loss of $0.04-$0.05. For the entirety of 2013, it anticipates top line of $387 million-$392 million. It did not specify what it was expecting in terms of profit.

The article ServiceNow Nearly Doubles Revenue in Q4 and 2012 originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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